ST. PAUL CHAIRMAN ON CUT IN DIVIDEND; Roswell Miller Says That Business Is Depressed and Appears Likely to Stay So.

When the St. Paul Directors reduced the company's dividend on Thursday, putting the common stock on a 5 per cent. basis, instead of the 7 per cent., which it had been paying for the last decade, none of the members of the board would offer any comment on their action, or on the prospects for the future. View Full Article in Timesmachine »

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A version of this archives appears in print on January 28, 1912, on Page PART7 of the New York edition with the headline: ST. PAUL CHAIRMAN ON CUT IN DIVIDEND; Roswell Miller Says That Business Is Depressed and Appears Likely to Stay So. Order Reprints|Today's Paper|Subscribe